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note and mortgage for a total indebtedness of $625 ,000.00 all ~of which
1 the undersigned pr+omi.se to pay with interest at the rate of fifteen
~ (15.08) percent per annum until maturity, being doe and payable as
follows: ~ .
!j In monthly installments of interest only
on arms actually advanced oomnencinq Atx3tist
I! 16, 1980 and continuing on the 6th day of
each and every month thereafter until
.January 6, 1981, at which time the entire
balance of principal plus accnaed interest
~ ~ shall be due and payable in fu11. Any paY-
~ ! menu made for releases of property encun- .
~ tiered by the mortgage securing the afore-
said (original) Hate and this additional
J~ advance shall be applied first to the
interest on the note and the additional
adganos and the balance shall be applied
! in the reduction of principal. ii
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Z4~e modifications and advances stated herein are hereby made a part of i
the aforesaid (original) note as completely as if incorporated-verbatim
therein, and said note is hereby referred to and made a part hereof.
Zhe additional advance is made pursuant ~ Article Sixteenth of the
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aforesaid (original) mortgage and pursuant to Section 697.04, Florida
Statutes (1979).
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Spreading of collateral. That the aforesaid (original) j
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mortgage dated July 6, 1 7 ,and recorded July 11, 1979 in Official ~
l~eords Book 438, page 1819, St. Lucie bounty, Florida, public records, I
is hereby at~esx3ed and spread to encunber the following described property
located in St. Lucie Oc~unty, Florida:
- STARC at the Southeast corner of Sectirn 15,
Zbwnship 37 South, lunge 40 East6 St. Lucie
Q~unty, Florida; thence Hui S 89 57' S2" W, along
the South Line of said Section 15, a distance
of 542.00 feet ~or the POIl~TP BF]G]11JIl~1G; 1
thence run N 00 11'50" W a distance of 320.03
feet; thence run N 89°56'55" E a distance of i.
20.00 feet; thence run S 00°11'50" E $ dis-
tance of 320.04 feet; thence rim S 89 57'52 "W
~ a distance of 20.00 feet to the POIl~TP CF' }
BDGIl1QIl~iG.
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71~e above described lands shall be encumbered by the aforesaid mrortgage { '
s with the same force and effect as if said property was originallys
E delineated in said mortgage.
4. Oonfi.rnnation of terns of note and mortgage. Dbthing !
herein shall change or min any manner terms conditions and
~ stipulations of the aforesaid ryote and irortgage, ex+oept as herein
~ stated, and it is agreed that said ternLS shall remain in full foroe and
effect.
IN WI'I1~SS the parties hereto have set their hands
and seals the day and year first above written. i
Signed, sealed and Q~L B~AI~IIC
~ delivered in the presence of: a• ti ration
r j
3 BY: 1
Di Tom,.,,. I
c ir~ ~ ~th, V~.~ riC~~t
. ~ - ~«~w
As to Stuart Nate pa*r~sr:
(tbrtgagee)
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R - ;`.•=•'•I ~•'.•t'• ~,l}7C7CLL) ~^'"7a~eelt i
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